Sunstone Metals Annual Report 22

Company Highlights Discovery success at the highly prospective El Palmar Gold-Copper Porphyry Project in Northern Ecuador; Discovery success at the new Alba GoldCopper Porphyry target at the Bramaderos project in Southern Ecuador; Advancement to 70% ownership of the El Palmar Gold-Copper Porphyry Project through a Staged Acquisition Agreement; Expanding the scale of the El Palmar and Bramaderos Gold-Copper Projects through ongoing drilling success and related technical studies including the commencement of metallurgical test work; Monetising approximately $10.2 million during the year from the sale of shares in Copperstone Resources AB; and Raising funds of $22.4 million through an oversubscribed placement bringing new institutional investors on board and a Share Purchase Plan to existing shareholders; Operating Review SUNSTONE METALS LIMITED ANNUAL REPORT 2022 3 Sunstone Metals Limited Annual Report 2022

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